When it comes to digital currency, several projects provide little or absolutely no value to the market. These days the trend around meme coins or as some would term it shitcoins. Generally, these coins are also seen as having no identifiable aim or value and they seldom do not fall into a prominent category.
The term shitcoin implies a digital currency with little or no value or a cryptocurrency that has no recent, discernible aim. This term is a pejorative word often used to illustrate altcoins or digital currencies that were developed after BTCs became famous.
The diminished value of these coins is seldom because of failed investor interest as it was not formulated in a good faith or because its value was based on supposition. As such these currencies are thought to be bad investments.
Top 7 Shitcoins For This Year
Most shitcoins derive their value from just prevailing or enlisting the support of a popular institution or celebrity. These cryptos have coins that have a strong community of HOLDERS that are with them for the future and a decent item to provide coupled with a proper marketing approach. In this part, we will have a look at the top 7 shitcoins list 2022 that have the potential to make you rich this year.
Magic Internet Money
Magic Internet Money is specifically a stablecoin soft-pegged to the US dollar and is minted by the Abracadabra money decentralized lending platform. It is among the best shitcoins to buy in 2022 for greater returns.
SafeMoon Protocol is a DeFi (decentralized finance) token. As per the SafeMoon website, SafeMoon has three operations that happen during each trade: LP Acquisition, Reflection, and Burn. The Safemoon token was discharged in March 2021 and quickly received popularity. Whilst it has no real utilization, it also claims to be the fastest growing digital currency in the world. If you wish to invest in cryptos under US$1, Safemoon could be an ideal choice.
Dogelon Mars is basically a dog-themed meme coin on Polygon and Ethereum. It follows the instance of other successful dog coins such as Shiba Inu, Dogecoin, and Floki Inu.
Dogelon Mars plays on various famous themes in the meme coin area. Its name is a mixture of Elon Musk and Dogecoin, the billionaire entrepreneur who is a very outspoken supporter of Doge.
Baby Doge is lovely but with a lot of BITE! $Baby Doge is a deflationary coin designed to become scarcer with time. All holders of Baby Doge will receive more baby doge that is mechanically sent to your wallet by simply holding Baby Doge cryptos in your wallet. Look at the amount of baby doge growth in your wallet as baby dogecoin holders normally get a 5 percent fee from every on-chain transaction that occurs on the Baby Doge ecosystem. The community gets more baby doge coins from the charges generated by every transaction
Floki Inu (FLOKI) is also a dog-themed meme coin, terming itself not a meme coin but “a movement.” It is a digital currency birthed by members and fans of the Shiba Inu (SHIB) sector. The coin is named after the Shiba Inu of Elon Musk. Musk is a significant fan of Dogecoin, even though he publicly denied owning any SHIB token. This tops the list of new shitcoins.
Dogecoin (DOGE) is based on the famous “DOGE” Internet meme and shows a Shiba Inu on its logo. The open-source virtual currency was formulated by Billy Markus from Oregon, Portland, and Jackson Palmer from Australia, Sydney, and was forked from Litecoin (LITE) in December 2013. DOGE is among the best shitcoins to invest in this year.
ApeCoin is an ERC-20 utility and governance token utilized within the APE Ecosystem to boost and incentivize decentralized sector construction at the forefront of Web 3.
ApeCoin holders control themselves through the decentralized governance structure controlling the ApeCoin DAO (decentralized autonomous organization) and vote on how the ApeCoin DAO Ecosystem Fund should be utilized.
Interest in digital currencies has risen substantially since Bitcoin was introduced in 2009. Since then new coins continue to come up in the crypto space and one such segment of coins among them is shitcoins. These coins do not have a good name in the market, but still, there are many coins that have the potential to make you rich. The above article talks about that only.